BOGOTA, March 12 (Reuters) - The board of Colombia's central bank convened for an extraordinary meeting on Thursday, people close to the matter said, although it was unclear if it would make an announcement amid the sharp fall of the peso, the stock market and public debt.
So far the bank has not adopted any measures to contain the strong fall in the peso, which fell 4.44% during the session to a historic low of 4,065 pesos to $1.
The central bank declined to confirm or deny that the seven board members met. Meanwhile in the stock market the benchmark COLCAP index fell 9.56%, while local public debt bonds which are set to mature in July 2024 devalued to a yield of 7.4%, from a yield of 4.94% at the close of the session on Wednesday.
"Assets such as government bonds exceeded all the losses recorded even during the 2008 crisis. Without doubt this will be an historic day in Colombian financial markets," said Ana Vera, an investment specialist at Corficolombiana.
"The liquidity needs of different actors due to currency hedges pushed up the rates of securities and at one point the yield curve was reversed, which caused greater uncertainty as there is no precedent for this behavior in Colombia," she added. (Reporting by Nelson Bocanegra in Bogota Writing by Oliver Griffin Editing by Matthew Lewis)